ALLCOM CREDIT UNION

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

LAURA C YBARRA

Phone

5087549980

Tax Period

2024-01-01 to 2024-12-31

ALLCOM CREDIT UNION, founded in 1922, is a community nonprofit in the Public & Societal Benefit sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.2M left a modest 13% surplus.

Mission

THE CREDIT UNION ACCEPTS DEPOSITS AND GRANTS LOANS TO ITS MEMBERS. BENEFITS PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS.

Program Service Accomplishments

Program 1

Expenses: $724,515

DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS.

Program 2

Expenses: $893,121

GRANTING OF CREDIT (CONSUMER AND MORTGAGE LOAN PRODUCTS) TO MEMBERS.

Program 3

Expenses: $294,363

OFFERING OF DEBIT AND CREDIT CARD SERVICES FOR MEMBER PURCHASES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,127,799

Investment Income $1,118,628

Other Revenue $445,134

TOTAL REVENUE $3,691,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,216,468

Fundraising Expenses $0

Program Expenses $1,911,999

Other Expenses $1,254,791

TOTAL EXPENSES $3,195,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,691,561	$3,270,336	+0.1%
Expenses	$3,195,774	$2,685,476	+0.2%
Net Income	$495,787	$584,860	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$255,645

Total Directors

$3,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J NAUGHTON	CHAIRMAN OF THE BOARD	2.00	Officer Director	$2,000	$0	$2,000
JAMES A CIULLO	CLERK & DIRECTOR	1.00	Officer Director	$0	$0	$0
DENNIS F GRIMALDI	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MORRISON	TREASURER & DIRECTOR	2.00	Officer Director	$1,500	$0	$1,500
SEAN M HUNTER	VICE CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
KEVIN MAGUIRE JR	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
HUNG PHAM	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ROCHE	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MIRABILE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA YBARRA	PRES., CEO & DIRECTOR	40.00	Officer	$210,307	$41,838	$252,145

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,691,561	$3,195,774	$78,978,570	$495,787
2023	$3,270,336	$2,685,476	$78,702,922	$584,860
2022	$2,581,253	$2,267,125	$79,689,682	$314,128
2021	$2,507,400	$2,399,685	$80,578,432	$107,715
2020	$2,605,109	$2,504,435	$75,546,777	$100,674
2019	$2,732,277	$2,478,191	$66,975,105	$254,086
2018	$2,586,783	$2,183,694	$66,251,837	$403,089